Author Information

1

Department of Economics, National Taipei University

2

Department of Economics, University of California, Riverside

We thank an anonymous referee, Ariel Burstein, Juin-Jen Chang, Been-Lon Chen, Hung-Ju Chen, Roger Farmer, Gary Hansen, Ching-Chong Lai, Yiting Li, Chia-Hui Lu, Lee Ohanian, Richard Rogerson, Richard Suen and seminar participants at UCLA, National Taiwan University, Far Eastern and South Asian Meetings of the Econometric Society, Taiwan Macroeconomic Workshop, Chinese Economic Association in North America at the ASSA Meetings, and Annual Conference of the Association for Public Economic Theory for helpful comments and suggestions. Chen thanks the financial support provided by the National Science Council of Taiwan (project number: NSC 96-2415-H-158-001-MY2). Part of this research was conducted while Guo was a visiting research fellow of economics at Academia Sinica, Taipei, Taiwan, whose hospitality is greatly appreciated. Of course, all remaining errors are our own. Email: guojt@ucr.edu; shchen@mail.ntpu.edu.tw.

Publication History

Issue published online: 20 AUG 2013

Article first published online: 20 AUG 2013

Funded by

National Science Council of Taiwan. Grant Number: NSC 96-2415-H-158-001-MY2